The only analysis you needThe name of the game.
1. Buy the dump.
2. Hold till new token sale.
3. Sell right before the token sale.
4. Repeat
Binancecoinbitcoin
What is happening with $BNB? TA doesn't work they say.Well Binance is one of the phenomenal centralized exchange out there, with just one year after it's relesed, Binance knock out many of the earliest exchanges with a very friendly app and website that looks like they're ready for the game. Even right now, the developing is quite massive with many offices opening in the certain city that CZ (Binance CEO) ambitiously said that they wanted to open new office on at least every continent.
Despite that stuff, CZ is one of the influencer on twitter that has many followers which can be the reason Binance here holding up because the image that CZ display as the one among many key person in the cryptosphere development.
Binance Coin or the ticker BNB itself still having some scheduled coin burn to actually decreasing the coin ciculating supply, which can be a cause of price rally and holding up at certain level to not break down lower.
Having BNB on your portfolio is a no "worry" at the status quo, as you can you use them on Binance exchange as a "discount voucher" for your transactions on Binance so you can get lower fee on trading activity. Plus, Binance team is really bunch of professionals which you should not worry about and they said one day they will coming for decentralized exchange also, which right now it's kind not very massive and appreciated considering the volume in every decentralized exchange.
Back to technical part.
The chart clearly create a H&S pattern which can lead a downward after it breaks the neckline and the RSI level is not really strong right here, which below 50 level and might causing that thing what we're we don't want to happen, happening.
Take this as a grain of salt, but I draw several green boxes for price measurement to get an entry. Because from i see right now, the support looks very weak and there's no strong buying volume. So indeed i'm more bearish on BNB with 65/35 percentage.
$BNB #BNB Binance coin .5 fib supportTA:
#BNB repeated support on .5 fib
Ichimoku Cloud - 4hr TK cross below cloud, currently trading in cloud, so may see it dip a bit before bouncing off support.
FA:
Binance opening fiat-crypto exchange.
It
Binance CoinBNBBTC broke the long-term support and trend line. Formed the right shoulder, tested the broken support line. Expect Elliott Correction Wave C.
A little long trade idea for BNBBTC with a 8.78 RRIdea as shown on the chart.
All opinions are welcome.
Good trades!
$BNB #Binance - TRADE UPDATE - get ready for a bounce!!!Hello Lads and Ladies,
Today we are going to do an update on the BNBBTC trade. I have done a surprisingly VERY accurate TA on it and I am going continue following it!
I entered the trade on BNBBTC when it was at 210k sats and left it at 260k sats. Then, I had buy order in at 215k for a pretty long time and today it hit 2157.. So the order did not get filled. Nevertheless, I am very confident that BNBBTC will continue dropping to 200k sats.
Here how I shared my TA almost month ago ->
Do you see the ghost chart I added according to historical data?
Here how BNBBTC looks like right now ->
It is following the lines almost perfectly! If you ask me how I knew about the big red resistance, this is the little magic you learn over time and trading a coin constantly ;)
Nevertheless, lets continue with the current situation and what will happen next.
I still see the 200k sats incoming since BNBBTC is still not at the bottom of the previous wedge and looking at the RSI we see that it likes to come back down to 20 points and from there on form a double bottom and then start its rocket launch.
Lets take a look at the daily chart to check the findings ->
The chart still looks the same and the lines are respected and followed. Also the RSI is decreasing towards the 40 point line from where we have seen pretty nice gains.
Right now its daily RSI is still at 46 points and looking at the chart it is still looking bearish.
Therefore I have just adjusted my not filled trade to 75% at 210.5k sats and 25% at 205k sats. Even though I am pretty sure that on a lucky day you could pick up BNBBTC at 200k sats but I am fine with how it is, especially after the buy oder not filling by a few sats today..
From there on I will sell BNBBTC at 230k sats and re-entering at 215k-210k sats and from there on waiting for the humungous gains.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
